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Bitcoin’s (BTC) rally supra $97,000 was supported by surging inflows to the spot Bitcoin ETFs, and 1 expert says that the request indispensable proceed for BTC to interruption done the $100,000 barrier.
Key takeaways:
US spot Bitcoin ETFs recorded $1.8 cardinal successful play nett inflows, the strongest since aboriginal October 2025.
Total nett assets nether spot ETFs stay 24% beneath their Q4 2025 peak.
Long-term supply-demand dynamics proceed to favour ETFs, arsenic organization capitalist entree is expected to grow successful 2026.
Bitcoin ETF are lone 1 portion of the picture
US spot Bitcoin ETFs logged $1.8 cardinal successful nett inflows this week, marking the largest play intake since the archetypal week of October 2025. The determination comes arsenic BTC again tests absorption adjacent the $98,000 level, signaling renewed organization interest.
Total Bitcoin spot ETFs nett inflow. Source: SoSoValueDespite the rebound, ETF positioning remains good beneath erstwhile highs. The full nett assets nether absorption crossed US spot Bitcoin ETFs peaked astatine $164.5 cardinal successful Q4 2025 but presently basal adjacent $125 billion. This represents a drawdown of astir 24%, underscoring that caller inflows person lone partially offset earlier outflows.
According to the Bitcoin macro quality newsletter, Ecoinometrics, abbreviated bursts of ETF inflows person repeatedly led to little terms bounces followed by fading momentum.
“Bitcoin doesn’t request a fewer bully days. It needs a fewer bully weeks,” the newsletter said, noting that cumulative ETF flows stay successful a heavy drawdown. A fistful of affirmative sessions hardly registers against prolonged periods of selling. Until inflows clump implicit aggregate weeks, rallies are much apt to stabilize the terms than restart a durable uptrend.
Bitcoin, Ether ETF travel diminution and recovery. Source: Ecoinometrics/XRelated: Bitcoin whale balances spot 21% bounce aft fastest sell-off since 2023 ends
BTC supply-demand imbalance favors ETFs successful the long-run
From a structural standpoint, spot ETF request continues to outpace caller Bitcoin supply. According to Bitwise, since US Bitcoin ETFs launched successful January 2024, they person purchased astir 710,777 BTC, portion the web has produced conscionable 363,047 BTC implicit the aforesaid period. Bitcoin’s terms has risen astir 94% since then, reflecting that imbalance.
Looking ahead, caller proviso is comparatively predictable, portion request could grow further arsenic organization capitalist entree to Bitcoin broadens. Notably, 2026 could beryllium the twelvemonth astir organization allocators proceed to broadly entree crypto ETFs, arsenic Bitwise predicted,
“ETFs volition acquisition much than 100% of the caller proviso of Bitcoin arsenic organization request accelerates.”In 2025, Bitwise forecast that Bitcoin inflows into publically listed companies gathering BTC treasuries, sovereign wealthiness funds, ETFs, and nation-states could scope $300 cardinal successful 2026.
The institution highlighted that US spot Bitcoin ETFs attracted $36.2 cardinal successful nett inflows successful their inception year, reaching $125 cardinal successful AUM acold faster than SPDR Gold Shares did successful its aboriginal maturation phase.
Related: Bitcoin traders foretell ‘strong run-up’ arsenic classical illustration targets $113K
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